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Consumer
Proposal |
Informal
Proposal |
Bankruptcy |
Consolidation
Loan |
| Protects me from all my
unsecured creditors: |
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| Avoids having to sell my
house to release any equity: |
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| Stops interest from continuing
to build: |
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| Creditors are obliged to
write off debt: |
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| Creditors are forced to
participate based on the Bankruptcy and Insolvency Act: |
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| The arrangement runs for
a fixed period: |
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| Creditors will no longer
pursue my case: |
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| It avoids the stigma of
bankruptcy: |
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| My problem is kept private: |
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| You only pay back a portion
of your debt: |
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